PASSIVE BET DELAY

News, chat and debate about the Betfair betting exchange.
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Seth
Posts: 30
Joined: Thu May 27, 2021 2:25 pm

"As you know, all in-play exchange bets are subject to a delay before hitting our markets. We
are currently scoping out a potential alteration to how passive bets are treated, whereby any
bet which would hit the exchange unmatched will skip the bet delay. We are hoping this will
offer an advantage to market makers across a wide range of sports. "

Should be good if they limit access to market makers
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Dallas
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Location: Working From Home

Do you have a link to the full article/page that was on?

Be interesting to see if this for everyone and all sports
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Dallas wrote:
Fri Oct 29, 2021 6:12 pm
Do you have a link to the full article/page that was on?

Be interesting to see if this for everyone and all sports
There's been quite a lot of chat about it on the Slack #general channel if you want to engage with that and find out more.

There's also a #askbetfairanything channel which is really useful for getting fast answers to queries.
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Dallas
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ShaunWhite wrote:
Fri Oct 29, 2021 7:22 pm
Dallas wrote:
Fri Oct 29, 2021 6:12 pm
Do you have a link to the full article/page that was on?

Be interesting to see if this for everyone and all sports
There's been quite a lot of chat about it on the Slack #general channel if you want to engage with that and find out more.

There's also a #askbetfairanything channel which is really useful for getting fast answers to queries.
Thanks


Image
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Derek27
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Location: UK

ShaunWhite wrote:
Fri Oct 29, 2021 7:22 pm
Dallas wrote:
Fri Oct 29, 2021 6:12 pm
Do you have a link to the full article/page that was on?

Be interesting to see if this for everyone and all sports
There's been quite a lot of chat about it on the Slack #general channel if you want to engage with that and find out more.

There's also a #askbetfairanything channel which is really useful for getting fast answers to queries.
Is there an #abusebetfairforfree channel? :)
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

Dallas/All,
Its mentioned in the latest premium charge newsletter
Here's the link if you want to vote https://www.surveymonkey.com/r/YFCB3GY
Regards
Peter
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Derek27
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Location: UK

Why would a trader care about bet delays for bets that aren't going to be matched within a few seconds?

Having markets that don't suspend spontaneously for 10 minutes or until a goal is scored would certainly bring traders back and increase volume!
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Derek27 wrote:
Fri Oct 29, 2021 9:29 pm
Why would a trader care about bet delays for bets that aren't going to be matched within a few seconds?
It's an incentive to offer rather than taking to boost IP liquidity. Being able to get prices up comfortably ahead of the takers wanting to act would is the best development for years imo. And finally something equally befeficial to them and us. It's the start of quite a few improvements if the mood music is to be believed.
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Derek27
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ShaunWhite wrote:
Fri Oct 29, 2021 10:22 pm
Derek27 wrote:
Fri Oct 29, 2021 9:29 pm
Why would a trader care about bet delays for bets that aren't going to be matched within a few seconds?
It's an incentive to offer rather than taking to boost IP liquidity. Being able to get prices up comfortably ahead of the takers wanting to act would is the best development for years imo. And finally something equally befeficial to them and us. It's the start of quite a few improvements if the mood music is to be believed.
I'm still none the wiser. You may be able to get your orders in before the takers but they're not going to be taken because it's away from the LTP and you're not jumping any queues because other offerers will have no delay either.
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Derek27
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Location: UK

ShaunWhite wrote:
Fri Oct 29, 2021 10:22 pm
Derek27 wrote:
Fri Oct 29, 2021 9:29 pm
Why would a trader care about bet delays for bets that aren't going to be matched within a few seconds?
It's an incentive to offer rather than taking to boost IP liquidity. Being able to get prices up comfortably ahead of the takers wanting to act would is the best development for years imo. And finally something equally befeficial to them and us. It's the start of quite a few improvements if the mood music is to be believed.
It seems I've misunderstood it. I thought they were talking about offers away from the money but it says hitting the exchange unmatched. I'd welcome that. :)
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Dallas
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PeterLe wrote:
Fri Oct 29, 2021 9:16 pm
Dallas/All,
Its mentioned in the latest premium charge newsletter
Here's the link if you want to vote https://www.surveymonkey.com/r/YFCB3GY
Regards
Peter
Thanks Peter,

I hope they at least trial it, I think it will be a good thing overall, and at least they are putting some thought into trying to attract more liquidity
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Derek27
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Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Dallas wrote:
Sat Oct 30, 2021 1:47 am
PeterLe wrote:
Fri Oct 29, 2021 9:16 pm
Dallas/All,
Its mentioned in the latest premium charge newsletter
Here's the link if you want to vote https://www.surveymonkey.com/r/YFCB3GY
Regards
Peter
Thanks Peter,

I hope they at least trial it, I think it will be a good thing overall, and at least they are putting some thought into trying to attract more liquidity
They need to to make up for all the trader accounts they're closing!
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Euler
Posts: 24798
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

They could also do with speaking to some of their long term customers as well. That would be nice.
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napshnap
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Joined: Thu Jan 12, 2017 6:21 am

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Last edited by napshnap on Sat Oct 30, 2021 8:32 am, edited 4 times in total.
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megarain
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How/Why is adding liquidity an avenue for shady people to abuse the system ?
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